Common use of Funds and Accounts Clause in Contracts

Funds and Accounts. Any fund or account required by this Bond Indenture to be established and maintained by the Trustee may be established and maintained in the accounting records of the Trustee, either as a fund or an account, and may, for the purposes of such records, any audits thereof and any reports or statements with respect thereto, be treated either as a fund or as an account; but all such records with respect to all such funds and accounts shall at all times be maintained in accordance with industry standards to the extent practicable, and with due regard for the requirements of Section 6.06 and for the protection of the security of the Bonds and the rights of every Holder thereof. The Trustee may establish such additional funds and accounts as it deems necessary to perform its obligations hereunder.

Funds and Accounts. Any fund or account required by this Bond Indenture to be established and maintained by the Trustee may be established and maintained in the accounting records of the Trustee, either as a fund or an account, and may, for the purposes of such records, any audits thereof and any reports or statements with respect thereto, be treated either as a fund or as an account; but all such records with respect to all such funds and accounts shall at all times be maintained in accordance with prudent corporate trust industry standards to the extent practicable, and with due regard for the requirements of Section 6.06 hereof and for the protection of the security of the Bonds and the rights of every Holder Owner thereof. The Trustee may establish any such additional funds and or accounts as it deems necessary to perform its obligations hereunder.

Funds and Accounts. Any fund or account required by this Bond Indenture to be established and maintained by the Trustee may be established and maintained in the accounting records of the Trustee, either as a fund or an account, and may, for the purposes of such records, any audits thereof and any reports or statements with respect thereto, be treated either as a fund or as an account; but all such records with respect to all such funds and accounts shall at all times be maintained in accordance with industry customary standards of the corporate trust industry, to the extent practicable, and with due regard for the requirements of Section 6.06 6.07 and for the protection of the security of the Bonds and the rights of every Holder owner thereof. The Notwithstanding any other provision of this Indenture, the Trustee may establish shall only be required to open any fund or account when it receives, or is notified that it will receive, moneys to be deposited and maintained in such additional funds and accounts as it deems necessary to perform its obligations hereunderfund or account.

Funds and Accounts. Any fund or account required by this Bond Indenture to be established and maintained by the Trustee may be established and maintained in the accounting records of the Trustee, either as a fund or an account, and may, for the purposes of such records, any audits thereof and any reports or statements with respect thereto, be treated either as a fund or as an account; but all such records with respect to all such funds and accounts shall at all times be maintained in accordance with corporate trust industry standards to the extent practicable, and with due regard for the requirements of Section 6.06 6.05 hereof and for the protection of the security of the Bonds and the rights of every Holder thereof. The Trustee may establish such additional and maintain for as long as necessary one or more temporary funds and or accounts as it deems necessary under this Indenture in order to perform its obligations hereundercarry out the purposes set forth therein.